A Personal Loan is a great tool in managing your finances and acts as an impetus in putting your plans into actions. Here are the unique benefits of Bajaj Finserv Personal Loan:
Get 100% end-to-end online Personal Loan solutions, which include information and assistance for Personal Loan eligibility criteria and documents, application to approval and disbursal. By opting for a Personal Loan from Bajaj Finserv you can get instant approval in 5 minutes and disbursal in your bank within 72 hours, through our online facility. All you need to do is fill an online form and check your Personal Loan eligibility online. Once approved, a Bajaj Finserv representative will get in touch with you and collect the documents required for Personal Loan.
We ensure as a standard that funds are at your disposal within 72 hours of the Personal Loan approval. This is the fastest turnaround time by any NBFC in India.
You can apply for a Personal Loan online from Bajaj Finserv up to Rs.25 lakh and repay it at your ease by opting for tenures ranging from 24 months to 60 months.
Personal Loan Eligibility & DocumentsA Personal loan can come handy when you are going on a vacation, renovating your home or planning that dream wedding. You can easily get a personal loan if you qualify below personal loan eligibility criteria:
| Cities | Minimum net salary per month (Rs.) |
| Bangalore, Chennai, Coimbatore, Delhi,Faridabad, Ghaziabad, Gurugram,Hyderabad, Mumbai, Noida, Pune, Surat,Thane | 40,000 |
| Ahmedabad, Chandigarh, Cochin, Jaipur, Kolkata, Nagpur, | 35,000 |
| Aurangabad, Baroda, Bhopal, Bhubaneswar, Calicut, Goa, Indore, Jamnagar, Jodhpur, Kolhapur, Lucknow, Madurai, Mysore, Nasik,Raipur, Rajkot, Tiruchirappalli, Trivandrum, Vapi, Vijayawada, Vizag, | 30,000 |
For instant loan approvals online of up to Rs.25 lakh
| Applicable charges | |
| Processing fees | 2.25% - 3% of the loan amount |
| EMI bounce charges | Rs 1,000 for every bounce |
| Penal interest | 2.00% p.m |
| Interest rate | 14% onwards |
| Secure fee only for online | Rs. 2,499/- |
Foreclosure Charges
| Borrower Type: Interest Type | Time Period (Months) | Foreclosure charges |
| NA | >1 | 4% plus applicable taxes on principal outstanding * |
*Foreclosure: charges will be applicable on the current principal outstanding.
*Foreclosure charges for Flexi loans will be calculated on the current principal outstanding
Part prepayment charges
| Borrower Type: Interest Type | Time Period (Months) | Part payment charges |
| NA | >1 | 2% plus applicable taxes on part payment amount paid |
*Part payment made should be more than 1 EMI
*Nil part payment charges for flexi
| Line of Credit | Flexi Loan | Personal Line |
| 0.25% on sanctioned amount | 0.25% on Flexi Dropline limit | 0.25% on Flexi Dropline limit |
*Chargers will be levied annually